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Retirement Planning

Retirement Planning

Need A One-Liner Related to Retirement Planning

At retirement, there are several factors to consider when deciding how to allocate your retirement savings. It may be advantageous to pay off debt. It may be advantageous to use guaranteed instruments, or to avoid guarantees to keep costs low depending on your situation. We believe it is important to properly diversify your investments and risk with highly rated companies and create an income plan that you are comfortable with.
Among several factors, you should take into consideration your age at retirement, your available monies, and location of those monies (lump sum, 401(k), IRA, liquid monies, pensions, etc…) to help determine the most appropriate methods of income.

Retirement Facts

You spend years saving money for retirement, but that’s only half the equation when it comes to your future financial security. How you position your assets in order to take retirement income plays an equally important role. Especially when you consider that:

We are living longer. According to the U.S. Census Bureau, people over age 85 are the most rapidly growing age group.

If the current inflation rate continues, a retiree today would need almost twice as much income in 20 years to maintain their current standard of living.

The future of Social Security, and its guarantee of lifetime income, is uncertain.

Part of your heritage in this society is the opportunity to become financially independent.

Jim Rohn

Insight from the Experts

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Retirement Insight brought to you by the Summit Financial team.

Summit Financial Consulting LLC

Working With People You Trust.

43409 Schoenherr Road

Sterling Heights, MI 48313

Phone: 586-226-2100
Fax: 586-226-3584
info@summitfc.net

The Fine Print

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Summit Financial Consulting LLC and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation.

The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Michigan, Florida, Texas or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. All investing involves risk including loss of principal. Past performance does not guarantee future results.

Advisory services are offered through Summit Financial Consulting LLC, DBA Summit Financial Working With People You Trust, an SEC Investment Advisor. Being registered with the SEC and being a registered investment adviser does not imply a certain level of skill or training. Summit Financial Consulting LLC and its representatives do not render tax, legal, or accounting advice. Health/Life/Annuity Insurance products and services offered by the individual insurance agent. Group Health insurance and ancillary benefits are offered through Summit Health Services, LLC. Property/Casualty (P&C) Insurance is offered through Summit Insurance Services, LLC and our local P&C agency partners. Representatives of Summit Financial Consulting LLC offer tax preparation services through Summit Tax Services. Summit Tax Services is a DBA of Heemer Klein & Company and they are owned and operated independently. Tax products and services are offered through Summit Tax Services LLC. Summit Financial Consulting LLC, Summit Health Services LLC, Summit Tax Services LLC, and Summit Insurance Services, LLC are affiliated entities.

Summit Financial Consulting LLC, Summit Health Services LLC, Summit Tax Services LLC, and Summit Insurance Services, LLC are not affiliated with the Social Security Administration or any government agency.

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